Transparency the price insurance can’t afford:: MP’s have claims management companies in their sights
Thursday, 1 November, 2012 1 Comment
As I have been saying for several years, when it comes to TRANSPARENCY for the insurance industry, “resistance is futile”!!!
Whether the current concern is broker commission disclosure, OFT investigations in pricing and activities of the motor insurance market, the collapse of Merlin Loss Adjusters, appalling customer service or Loss Assessors being sent to prison THE MESSAGE IS CERTAINLY TRANSPARENT…but, for how much longer can the industry remain in denial?
The decision of government business managers to schedule a three hour backbench debate next Thursday (8 November) on the Regulation of Claims Management Companies shows the level of concern across all parties at the activities of these firms, especially in relation to personal injury claims and payment protection insurance (PPI) compensation.
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